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It is good if you want to change jobs and switch cities. If the market has fallen, you cannot sell w/o coughing up the difference in what you owe. (same in the
by TuringNYC 4y ago
It is good if you want to change jobs and switch cities. If the market has fallen, you cannot sell w/o coughing up the difference in what you owe.
(same in the case of owner death/divorce, where you need need to liquidate)
- bombcar 4y agoSome states are non recourse or single action. Worth knowing if you’re possibly going to be in a Situation.
- TuringNYC 4y ago>> Some states are non recourse or single action. Worth knowing if you’re possibly going to be in a Situation. Non recourse means they dont pursue you for the difference. It doesnt mean your credit isnt completely ruined for the next 7 years. It would be impossible to get another home (and in many cases to lease another apartment) with a walk-away from debt.